Answer:
The correct answer is True.
Explanation:
Given that China produced more steel than was required, the remaining amount was exported to other countries. The percentage described in the sentence could be due to situations typical of international trade. For China it was more important to sell all the steel to recover the value invested in its production and not be harmed.
Answer:
$33,500
Explanation:
The Cash Required for Payment to Supplier is The Purchases Price less Credit Allowance and Cash Discount granted since Piedmont Company pays the invoice within the discount period.
If Piedmont Company had paid invoice out of the discount period we would only deduct the Credit Allowance from the Purchase Price.
Cash Required for Payment Calculation :
Purchase Price $45,000
Less Credit Allowance ($7,000)
Less Cash Discount $45,000 x 10% ($4,500)
Cash Required for Payment $33,500
Answer:
$763,000
Explanation:
Warranty costs = 3%
Total sales = $29.1million ($29,100,000)
actual warranty expenditures = $110,000
First we multiply warranty cost by total sale
$29100000 x 0.03
= $873,000
Then
Subtract $110,000 from $873,000
$873000 - $110000
= $763,000
Sony should report $763,000 as liability
Answer:
inspirational paragraph definitely send it
Explanation:
Answer:
Under variable costing, fixed manufacturing overhead is expensed as period expenses.
Explanation:
Option <em>A</em> is wrong because under absorption costing, fixed manufacturing overhead is expensed as product expenses.
Option <em>B</em> is incorrect because Under variable costing, direct materials and direct labor are expensed as product expenses.
Option <em>C</em> is false because Fixed manufacturing overhead costs are treated as product cost under absorption costing and period cost under variable costing.
Therefore, option E is correct as fixed manufacturing overhead is expensed as period expenses under variable costing.
